Even with the best possible advice it is impossible to guarantee an employer that they will not receive a claim. In an effort to reduce the number of claims made to Employment Tribunals the Government has introduced a fee system, where claimants will have to pay a fee in order to make a claim. Whilst this is good news for employers, we have teamed up with a leading provider of legal expenses insurance in order to introduce our Clients to the concept of Employment Tribunal Insurance Indemnity.
What does the policy cover?
The financial consequences of non-compliance with current UK employment laws are very serious for employers. Employment Tribunal Insurance Indemnity covers redundancy, discrimination (race, disability, sex, age and sexual orientation), unfair dismissal (including constructive dismissal) and whistle blowing. Compensation for unfair dismissal or discrimination can run into tens of thousands of pounds.
The insurance will cover all of your legal costs as well as any costs awarded by an employment tribunal (subject to the terms and conditions of the insurance policy).
Is it compulsory?
No. As part of our services, Clients can opt to take out optional Employment Tribunal Insurance Indemnity to complement our highly successful Employment Tribunal Defence Scheme. Some Clients like the peace of mind that this brings to their business. We are registered with the Financial Services Authority to introduce our Clients to these policies. Insurance is provided subject to policy terms. http://www.fca.org.uk/ All clients are advised to seek a full copy of our policy wording document and it should be noted that exclusions apply. Such cover can also be extended to fight ‘health and safety’ prosecutions.
We would be happy to discuss your insurance requirements in detail.